R4,200,000

Vacant Land Commercial for sale in Moreleta Park

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VACANT LAND WITH BUSINESS RIGHTS FOR SALE IN MORELETAPARK

This prime 1900m2 vacant stand is situated in Rubenstein Drive, Moreletapark. Rubenstein Drive is the main road connecting Moreletapark with Solomon Mahlangu Road and the N1 Highway.

This stand has been zoned for sectional title office block, dwelling units and Veterinary Clinic (excluding medical consulting rooms). Floor area ratio of 0.5 which would include basement parking and coverage of 50%. A 2-storey building may be erected on the property. Site plans and approved floor plans for the erection of an office block and basement parking has been lodged but not yet approved by the City of Tshwane. However, guarantees for bulk services has been provided and paid for by the owner of the property and can be negotiated with the owner.

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Property Type

Vacant Land Commercial

Stand Size

1,900m²

Address

609 Rubenstein Road

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Moreleta Park overview with Ronnie

What makes Moreleta Park a great suburb?

Moreleta Park is an upmarket suburban area, pretty similar to other areas in Pretoria, with the majority of people commuting to work elsewhere; e.g. Johannesburg. It has a broad mixture of properties including office parks, retail shopping centers, hospitals, churches, upmarket single stand housing with flourishing gardens, gated security complexes, as well as typically smaller and higher density residential units built within an outer wall that forms a security barrier.

The typical Moreleta Park buyer

58% of freehold sales in the past 12 months took place in the R1.5 million to R3 million price bracket, and 44% of residents in the area are in the 35 to 50 age range, with a further 33% falling into the 50 to 65 range.

Price overview of Moreleta Park

Three bedroom townhouses is popular with young families start from around R850 000 and range up to about R1.2 million, and there are also four bedroom options available at prices from around R1.3 million. However, we find that buyers with older children are increasingly favouring freehold homes in security estates, which make up about 26% of the stock in this area.

Popular in Moreleta Park

The Moreleta Kloof Nature Reserve contains African wild life; zebras, springbok and other small antelope and ostriches may be observed. Entrance is free of charge. Rietvlei Nature Reserve. Woodlands and Parkview Malls. Private and public schools and colleges. Various golf courses

My Moreleta Park tip

Reasonably fair access to all the major roads and routes in and around the area i.e De Villebois Mareuil Drive, Delmas Road, Witdoring, Rubenstein, Garsfontein, Hans Strijdom, Atterbury, R21 and N1